Botswana, Africa’s leading diamond producer, is facing an unusual problem: too many diamonds and not enough buyers. A growing stockpile, cheaper lab-grown alternatives, shifting consumer values, and global market slowdowns are dulling the shine of an industry that drives around 30% of the country’s GDP. At the same time, US tariffs and global trade tensions are adding pressure, even as Botswana seeks new partnerships, including with Russia. With diamond revenues critical to government finances, slowing production could stall economic growth, raising tough questions about how long diamonds can remain the backbone of Botswana’s economy.
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You have Lab Diamonds which are cheeper.
Diamonds are cheap for ever.
If they want to let white people control their money while their people starve and live outside like animals , that's their decision
Diamonds really aren’t that rare and with lab grown diamonds being actual diamonds, I don’t understand why anyone would buy a natural diamond for a ridiculous price.
Watch the caption guys, "Stone"? No it's Diamond Man!
That happens when you sell to Dabeers
lab grown are superior
"Hee! Hee! Hee! called old Gagool behind us as she flitted about like a vampire bat. "There are the bright stones ye love, white men as many as ye will; take them, run them through your fingers, eat of them, hee! hee; DRINK OF THEM, ha! ha!"
H. Rider Haggard, King Solomon's Mines
Water is more valuable than any gold or diamonds and we are getting closer to this prophetic realization!!!
American kids don't get married, don't have sex or even go to bars anymore. 😅
We don’t give a rats about diamonds nowadays
Everyone knows that diamonds are not scarce. It is a manipulated market by the DeBeers company, you dumbasss!!!!!😄😄😄
You can make them in a lab. They were valuable and sought after because they were rare. Now they are not.
Hope they starve
Artificial diamonds are practically identical
Troubles? For useless shiny stones? They need to pray Pootin doesn't open the vaults in Russia that are jam-packed full of them and dump them, completely crashing the market globally, which it can do….. And it can thank China for flooding the market with man-made "diamonds"…..
Sell them to Europe, India…
there is always demand for diamonds industrical and manufaturing..just dont over price it lol
the geniuses running Botswana didn't expect synthetic diamonds were going to be developed
Diamonds . a totally useless crop that should die out ……….. They have always been a curse .
Buy bituman it’s worth more
Diamonds are actually worthless. They shouldn't even exist.
Diamonds are not rare just overhyped.
It's just shiny rocks…no thx
Super diamonds arę not for sale yoincan harvest energy from IT and streanth and durability these days is precious the machinery can Read info data from dimond sobyou can know hów IT is done
Why buy Natural when you can get Lab with better Clarity and also within 1/3 of the price ??? 😂😂😂
Guys remember Diamond isn't an Investment , unless you're a Multi Millionaire spending hundreds of thousands of dollars on it .
That’s why no one should buy lab diamonds, they will regret it later.
its just a rock
😢Russia huge diamond inventory
Focus on rare earth metals and other industries such as nickel, copper, bauxite, and iron ore.
Gaborone set up your own diamond Cutting workshop. Cut diamonds for local African market. Home made.
An awesome thing. People drank the kool aid and way overpaid for glass for decades. They can grow any perfect diamonds in ovens in droves now. No need to pay exorbitant prices what man can perfect and supersede from nature.
Botswana needs to ween off of the diamond selling. Synthetic diamonds are here and will continue to drop the prices of natural diamonds.
The marriage scam is over.
You can't EAT Diamonds!
If jewelry and marriage companies want to survive… they better start lobbying against feminism.
That's on them. They could've diversified.
Da Beers crated fake rarity for their greedy pockets. hahaha, they being hit now!
DeBeers controls diamond sales. If they aren't buying it's politics not economics.
I’ll buy it all for $1.
I don't know how people thought paying such high prices for rocks was a good thing. Diamonds are way over priced.
Diamonds can be machine made no reason to dig for them anymore 🎉
Start using them in industry
Botswana 🇧🇼 is more than diamonds
Why buy rock…..when you can make your own😂😂😂😂……..turns our debeers got screwed in the end, they bought up all the crap😂😂😂😂😂
diamonds, gold, crypto, stocks,…….theyre only worth as much as what the next person is willing to pay.
That's the problem with being dependent on a natural resource extraction economy.
It can fall apart at any time.
Diamonds built Botswana’s economy for decades, and they still matter. Natural diamonds aren’t just luxury goods, they fund schools, infrastructure, and livelihoods. The real question isn’t whether diamonds have value, but whether the world still understands their impact beyond sparkle.
They aren't worth anything anymore they can produce them artificially😂
Tungsten is a safer choice for a wedding band than gold is😂
Gold and diamonds and silver are all capitalist scams they are not even slightly rare😮
Investing in Agriculture is far better than diamonds.
China has distroyed the diamond market with man made fakes! 😂